Tag: Chevron

• Thursday, February 14th 2019 - 09:37 UTC

  Chevron will remain in Venezuela in “coordination with US government agencies”

  

  Chevron Corp. Chief Executive Officer Mike Wirth pledged to work closely with the U.S. to remain in Venezuela despite a spiralling crisis that has led rival oil major Total SA to retreat.

• Monday, February 11th 2019 - 08:40 UTC

  PDVSA telling customers to deposit oil sales in an account of Russia's Gazprombank

  

  Venezuela's state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO, according to sources and an internal document, reported Reuters on Saturday.

• Friday, September 28th 2018 - 08:47 UTC

  Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

  

  Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

• Tuesday, September 25th 2018 - 08:37 UTC

  Argentina plans offshore licensing round in the South Atlantic next October

  

  Argentina plans to launch a delayed offshore licensing round in October as it seeks to explore a large frontier region in the South Atlantic for potential oil and natural gas production growth in the future. This was announced to oil executives in Houston by Argentina's energy secretary Javier Iguacel.

• Monday, September 24th 2018 - 09:15 UTC

  Petrobras plans to increase output 10% next year to some 2.3 million bpd

  

  Brazil’s state-run oil giant Petrobras aims to raise output as much as 10% to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by US$10 billion, according to Chief Financial Officer Rafael Grisolia. The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year despite falling short of its US$ 21 billion asset sales target, Grisolia pointed out.

• Saturday, February 3rd 2018 - 10:53 UTC

  US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

  

  The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.

• Friday, March 24th 2017 - 11:02 UTC

  Maduro desperately selling assets to pay US$ 3.7bn in debts

  

  In an effort to handle its overdue debts, Venezuela is all but giving away oil assets. President Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.

• Tuesday, May 5th 2015 - 17:38 UTC

  Brad Pitt invited to Ecuador to observe the 'pollution disaster” allegedly caused by Chevron

  

  US cinema star Brad Pitt has been invited by the Ecuadorian government to observe the pollution in the country's Amazon region allegedly caused by Chevron. President Rafael Correa announced the invitation in his regular weekend report, saying that the oil giant is in preparation of spearheading a film with the movie star about an alleged case against the company.

• Thursday, December 11th 2014 - 12:04 UTC

  Malaysia's Petronas and YPF sign 550 million deal to develop shale deposits in Patagonia

  

  YPF SA and Petroliam Nasional Bhd, state-controlled companies from Argentina and Malaysia, signed a 550 million dollars deal to drill fields at the world’s fourth-largest shale oil deposit in Patagonia’s Vaca Muerta, south Argentina.

• Wednesday, November 19th 2014 - 09:42 UTC

  Chevron begins oil and gas production at Tubular Bells, in the Gulf of Mexico

  

  Chevron Corporation announced on Tuesday that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 217 km southeast of New Orleans, in approximately 1,310 m of water in the Mississippi Canyon area.